BANKING GENERAL KNOWLEDGE
Question
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NABARD has provided an assistance of Rs 10, 012 crore to____during 2017-18 to facilitate overall development with special focus on agricultural credit.
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Uttar Pradesh
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Assam
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West Bengal
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Gujarat
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Explanation:
Detailed explanation-1: -Policy on Rural Off-Farm Sector As per extant policy, NABARD provides financial support for providing end to end solutions for promotion of activities which generate or enhance livelihoods under the Rural Off-Farm Sector.
Detailed explanation-2: -National Bank for Agriculture and RuralDevelopment (NABARD) was established on 12 July 1982 by an Act of theParliament.
Detailed explanation-3: -NABARD provides refinance assistance under Automatic Refinance Facility (ARF) to eligible banks for a wide spectrum of manufacturing, processing and service sector activities under RNFS (Investment Credit).
Detailed explanation-4: -Automatic Refinance Scheme (ARF)
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